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Ciena closes $2.875B zero-coupon convertible notes offering; repays $1.14B term loan
Aggregate principal $2.875B (incl. $375M over-allotment), 0.00% coupon, due Sept 2031.
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Ciena announces $2.0B convertible notes offering to repay term loan and buy back stock
Offers $2.0B aggregate principal of convertible senior notes due 2031; initial purchasers have $300M over-allotment option.
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Ciena Q2 FY2026 revenue $1.57B (+40% YoY), adjusted EPS $1.64 (+290%), raises FY guidance
Revenue $1.57B, up 40% YoY from $1.13B; GAAP EPS $1.49 vs $0.06; adjusted EPS $1.64 vs $0.42 (290% increase).
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Ciena stockholders elect three directors, ratify auditor, approve say-on-pay at 2026 meeting
Directors elected: Olsen (104.6M for, 15.4M against), Puma (114.2M for, 5.7M against), Smith (118.7M for, 1.3M against).
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Ciena Q1 revenue $1.43B (+33% YoY); adjusted EPS $1.35 (+111% YoY); raises FY26 guidance
Revenue $1.43B, up 33% YoY; GAAP EPS $1.03, adjusted EPS $1.35, up 111% YoY.
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Ciena Q4 FY2025 revenue $1.35B (+20% YoY); guides FY2026 revenue $5.7-6.1B
Q4 revenue $1.352B, up 20% YoY; FY2025 revenue $4.77B, up 19% YoY.
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Ciena enters renewed change in control severance agreements with executives through Nov 2028
Effective Nov 30, 2025, Ciena entered revised change in control severance agreements with CEO Gary Smith, CFO Marc Graff, and other named executives.
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Ciena completes acquisition of Nubis Communications for AI interconnect tech
Acquisition closed October 7, 2025; Nubis is privately held.
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Ciena acquires Nubis Communications for $270M all-cash to boost AI data center interconnects
All-cash purchase price of $270 million, subject to customary working capital adjustments.
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Ciena Q3 FY2025 revenue up 29% to $1.22B; GAAP EPS $0.35, adjusted EPS $0.67
GAAP net income $50.3M ($0.35/diluted share) vs $14.2M ($0.10) a year ago; adjusted net income $96.2M ($0.67).
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Ciena appoints Marc D. Graff as CFO effective Aug 1, 2025
Marc D. Graff named SVP and CFO, reporting to CEO Gary B. Smith, effective August 1, 2025.
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Ciena Q2 FY2025 revenue $1.13B (+23.6% YoY), GAAP EPS $0.06, non-GAAP $0.42
Revenue $1.13B up 23.6% YoY; Optical Networking $773.6M (68.7% of total) drove growth.
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Ciena shareholders elect directors, ratify PwC, approve say-on-pay at 2025 annual meeting
Directors Lawton W. Fitt (111.2M for, 10.2M against) and Devinder Kumar (116.7M for, 4.7M against) elected for three-year terms.
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Ciena Q1 revenue $1.07B (+3.3% YoY); adjusted EPS $0.64 vs $0.66; GAAP EPS $0.31
Revenue $1.07B, up 3.3% YoY; GAAP net income $44.6M ($0.31 diluted EPS) vs $49.5M ($0.34) prior year.
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Ciena refinances $1.16B term loan with new 2025 Term Loan due 2030
Refinanced $1.16B Existing Term Loan with new $1.16B 2025 Term Loan due Oct 24, 2030.
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Ciena Q4 revenue $1.12B, GAAP EPS $0.25, adjusted EPS $0.54; Exec Chair Nettles to retire, Fitt new Chair
Q4 revenue $1.124B (-0.5% YoY); GAAP EPS $0.25, adjusted EPS $0.54 (vs $0.62 and $0.75 YoY).
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Ciena authorizes $1 billion share repurchase program through FY2027
Board authorized up to $1.0B in common stock repurchases starting FY2025 through end of FY2027.
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Ciena Q3 revenue down 11.8% to $942.3M; adj EPS $0.35; CFO Moylan to retire Aug 2025
Revenue $942.3M, down 11.8% YoY from $1.07B.
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Ciena Q2 revenue falls 19.6% YoY to $910.8M; posts GAAP loss of $0.12/share
Revenue of $910.8M down 19.6% YoY from $1.13B; GAAP net loss of $16.8M vs. income of $57.7M last year.
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Ciena VP & Principal Accounting Officer Petrik to retire effective April 2025
VP & Principal Accounting Officer Andrew C. Petrik notified retirement effective April 25, 2025.
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Ciena stockholders approve 10.1M share increase to 2017 Omnibus Incentive Plan and elect directors
All five director nominees elected: Hassan Ahmed (116.6M for), Bruce Claflin (113.9M), Patrick Gallagher (104.9M), Michael Nevens (120.2M), Mary Puma (108.6M).
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Ciena Q1 revenue $1.04B, down 1.8% YoY; GAAP EPS $0.34, adjusted EPS $0.66
Revenue of $1.037B, down 1.8% YoY from $1.056B; GAAP net income $49.5M ($0.34/shr) vs $76.2M ($0.51/shr) prior year.
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Ciena Q4 revenue $1.13B, up 16% YoY; GAAP EPS $0.62, adjusted $0.75; annual rev up 21%
Q4 revenue $1.13B (vs $971M prior year); GAAP net income $91.2M ($0.62/share), adjusted net income $111.2M ($0.75/share).
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Ciena refinances ~$1.17B in term loans, replaces $300M ABL with new revolver
New senior secured term loan of $1.17B due October 2030 bears interest at SOFR+2.00% or base+1.00%.
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Ciena appoints DiPerna and Gage to executive team; McFeely transitions to advisory role
Scott McFeely resigns as SVP Global Products & Services, effective Oct 27, and moves to advisory role on exec leadership team.
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Ciena Q3 revenue up 23% to $1.07B; adj. EPS $0.59 vs $0.33 YoY
Revenue $1.07B (+23% YoY); GAAP net income $29.7M ($0.20 EPS) vs $10.5M ($0.07).
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Ciena Q2 FY2023 revenue $1.13B, EPS $0.74 adj; beats prior year on supply chain improvement
Revenue $1.13B (+19.3% YoY); GAAP EPS $0.38 vs $0.25; adj. EPS $0.74 vs $0.50.
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Ciena reaffirms fiscal Q2 and FY 2023 guidance; no change to prior outlook
Reaffirms Q2 revenue $1,035M-$1,115M, adjusted gross margin low 40s%, adjusted op expense ~$335M.
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Ciena stockholders elect directors, ratify auditor, approve say-on-pay at 2023 annual meeting
Elected Joanne B. Olsen (110M for) and Gary B. Smith (120M for) as Class II directors for three-year terms.
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Ciena Q1 FY2023 revenue $1.06B (+25% YoY); GAAP EPS $0.51, adj. EPS $0.64
Revenue $1.06B (+25% YoY); GAAP net income $76.2M ($0.51/diluted), adjusted $95.6M ($0.64).
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Ciena amends $300M ABL credit facility: extends maturity to Sept 2025, switches to SOFR
Maturity extended from Oct 2024 to Sept 2025 (Scheduled Maturity Date).
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Ciena amends bylaws to tighten stockholder nomination and proposal rules
Amended bylaws require nominating stockholders to disclose stock ownership, voting commitments, and litigation ties.
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Ciena appoints David M. Rothenstein as SVP, Chief Strategy Officer and Corporate Secretary
Appointment effective January 30, 2023; Rothenstein had served in the role on an acting basis since March 2022.
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Ciena adds $500M term loan with 2030 maturity; proceeds for general corporate purposes
Ciena incurred $500M incremental term loan; net proceeds ~$494M after fees and expenses.
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Ciena Q4 revenue $971M, down 6.8% YoY; GAAP EPS $0.39, adjusted $0.61; sees FY23 growth
Q4 revenue $971M, below prior year $1.04B; FY2022 revenue $3.63B flat YoY.
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Ciena acquires Benu Networks, agrees to buy Tibit Communications for $210M
Acquired Benu Networks (cloud-native vBNG software) for undisclosed sum; closed in fiscal Q1 2023.
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Ciena Q3 revenue down 12% YoY to $868M; adjusted EPS $0.33 vs $0.92; cites supplier shortages
Revenue $868.0M, down 12.2% YoY from $988.1M; GAAP EPS $0.07 vs $1.52 (prior year had $124.2M tax benefit).
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Ciena Q2 revenue $949M (+14% YoY); GAAP EPS $0.25, adj. EPS $0.50; supply constraints
Revenue $949.2M, up 13.8% YoY; GAAP net income $38.9M ($0.25 EPS) vs $103.1M ($0.66 EPS) YoY.
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Ciena stockholders elect three Class I directors, ratify auditor, approve say-on-pay
Elected Lawton W. Fitt, Devinder Kumar, and Patrick H. Nettles as Class I directors with majority support.
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Ciena Q1 revenue up 11.5% to $844M; GAAP EPS $0.29, adj EPS $0.47, margins down YoY
Revenue $844.4M (+11.5% YoY); GAAP net income $45.8M ($0.29 diluted EPS) vs $55.3M ($0.35) YoY.
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Ciena pre-announces Q1 revenue $840-850M, below guidance; maintains FY2022 growth target of 11-13%
Revenue expected $840-850M vs prior guidance of $870-910M due to late-quarter supply chain disruptions.
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Ciena issues $400M of 4.00% senior notes due Jan 31, 2030
$400M aggregate principal of 4.00% senior notes due Jan 31, 2030, interest paid semi-annually.
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Ciena prices $400M of 4.00% senior notes due 2030 in private offering
$400M aggregate principal amount of 4.00% senior notes due January 31, 2030.
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Ciena launches private offering of senior notes due 2030
Private offering of senior notes due 2030; guaranteed by certain domestic subsidiaries.
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Ciena enters $250M accelerated share repurchase agreement with Goldman Sachs
Initial delivery of ~2.7 million shares (80% of expected repurchase, based on $74.12 close on Dec 13).
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Ciena Q4 revenue up 25.7% YoY to $1.04B; adjusted EPS $0.85, +41.7%; authorizes $1B buyback
Revenue of $1.0415B, up 25.7% YoY; full-year revenue $3.62B, up 2.5%.
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Ciena completes acquisition of AT&T's Vyatta virtual routing technology
Acquired AT&T's Vyatta virtual routing and switching technology, completed Oct 31, 2021.
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Ciena Q3 revenue $988M, adj. EPS $0.92; acquires Vyatta virtual routing from AT&T
Revenue $988.1M (+1.2% YoY); GAAP EPS $1.52 includes $124.2M tax benefit; adj. EPS $0.92 vs $1.06 YoY.